Over the next 10-20 years, great properties can appreciate well AND then can be converted into better cash flow.

I have a STR house in a resort town, but the city’s new stricter policies have really cut into my revenue. I’m thinking about switching to MTR/LTR with furniture included. In this area, people usually rent for 1-12 mo...

I have seen properties convert the radiant heat system to electric board heating style during remodels.

Worse case it could be converted to regular apartments.

I had multiple offers, and a couple from Chile purchased it to move in for a couple years and convert to an Airbnb.

Hey Mik, I have a condo as well and have thought about converting it into a MTR or STR but the restrictions by the condo association completely prevent this.

I have heard that Ag land can be converted. 

Being a 1960s era, it will have everywhere.  6 inch tile floors, hot water pipes, countertops, etc.Would check on that before diving in.

If this happens, we will likely convert the property to a furnished or unfurnished LTR.Due to Airbnb and VRBO now requiring short-term licenses in Las Vegas for properties to be listed on their sites, unlicensed properties may turn to renting their properties out as mid-term rentals.

My wife and I own a couple of rental properties in Prattville and are considering converting one of them to a STR.